the general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Debits $4,200 9,200 Credits 3,200 30,000 $ 6,800 4,800 5,800 Utilities Payable Deferred Revenue Common Stock es Retained Earnings Totals 0 20,000 9,200 $46,600 $46,600 The following is a summary of the transactions for the year 1. January 2. March 3. May 4. June 24 Provide plumbing services for cash, $17,000, and on account, $62,000. 13 Collect on accounts receivable, $50,000. 6 Issue shares of common stock in exchange for $11,000 cash. 30 Pay salaries for the current year, $32,400. 5. September 15 Pay utilities of $5,800 from 2020 (prior year). 6. November 24 Receive cash in advance from customers, $8,800. 7. December 30 Pay $2,400 cash dividends to stockholders. The following information is available for the adjusting entries. Depreciation for the year on the machinery is $6,800. Plumbing supplies remaining on hand at the end of the year equal $1,100. Of the $8,800 paid in advance by customers, $6,400 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $6,600.